ifeanyichukwu_E

ifeanyichukwu_E

Just spotted a rising wedge pattern , Possibility for a trend reversal!!

ifeanyichukwu_E

The formationn of a Doji candlestick and the contact with the bollinger band is a certain reason to place a sell Position on the market

ifeanyichukwu_E

The breakdown shows a downtrend Trade: Either it hits the the top of the Bollinger band or the standard deviation at the middle and head downwards

ifeanyichukwu_E

Generally, the currency pair is bullish in nature TRADE: Wait for it to retrace above and on top of the 50 period moving average

ifeanyichukwu_E

The Japanese Yen might have reached its prominent support level. Could this be a potential bullish trend?

ifeanyichukwu_E

Wait for it to hit the moving 50 period moving average again then place a sell position

ifeanyichukwu_E

Market seems to be BEARS in nature. Greater selling opportunities very noticeable TRADE: At the point of contact with the 50 period MA and the 100 period moving average, trade a short position

ifeanyichukwu_E

The USD/JPY just got past its very strong resistance level at 106.098. The MACD indicates a BULL and the contact with the bollinger bands also signifies a BULL TRADE: Wait for the retracement to retreace back 100% of the extension then SELL 'OR' The strong resistance converts to a resistance level, an opportunity to SELL too

ifeanyichukwu_E

The evidence of a soon-to-come bear trend 1.The uncertainty in the candlestick formation 2.The content with the bollinger bands 3.The MACD indicator, if it should cross contact.

ifeanyichukwu_E

There is a support level that is also close to the Fib Retracement at 0.5. This is evident of a bullish market

ifeanyichukwu_E

The formation shows a bearish gartley, which means the market will fall Also coupled with the fibonacci retracement indicator that shows a downtrend around a primary resistance level which indicates a fall in the maarket

ifeanyichukwu_E

The EUR/USD still shows some level of bears, it's better to wait and monitor the market for it to be a fully bullish market There is a resistance at the 0.618 Fib Retracement which is a potential buying spot. Good Luck trading!!

ifeanyichukwu_E

The market seems to be in a ranged market formation. But there also seems to be an uptrend somewhere around the top of the major resistance level I predict it will hit the support level of the small uptrend market and rise up to the yellow spot over there Goodluck!!

ifeanyichukwu_E

The USD/JPY seems to be creating a form of ranged market. The white spot are the two reactive lines in the fibonacci replacement for a strong bear or it will create a support level for a bull. I go with the formation of a bull though. It will hit the strong resistance level at price 109.400.

ifeanyichukwu_E

The black markings spot on the chart always indicates the formation of a BULL!! It proved itself at the 1st spot at price 1.07836, the 2nd spot at price at 1.9000 and the 3rd at the price at 1.08589. On the fibonacci Replacement, it is heading towards a reactive support level at price 1.09453. There is every possibility that it will turn to a bear anytime soon or later!!

ifeanyichukwu_E

The market is showing a tendency to be an uptrend right now!! This is because of the fibonacci replacement at the resistant level line and therefore it is about to bounce back up from the support level

ifeanyichukwu_E

The Fibonacci Replacement indicator shows an effect in the market of the USD/EUR. Its most likely a market full of Bulls. Lets make a fortune together!! Good luck!!.

ifeanyichukwu_E

There is a downtrend in this chart. The bounce back spot is at the support level and bounce back to the resistance level.